(This is CNBC Pro's live coverage of Monday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A major chipmaker and a banking giant were among the stocks being talked about by analysts on Monday.
UBS raised its price target on Nvidia , calling for nearly 20% upside. Meanwhile, Wolfe Research downgraded JPMorgan Chase to peer perform from outperform. Check out the latest calls and chatter below.
All times ET. 6:10 a.m.
: UBS upgrades PNC to buy There's a bright future ahead for PNC Financial Services , according to UBS. UBS analyst Erika Najarian upgraded the regional bank to buy from neutral. She also increased her price target to $179 from $165.
This new forecast implies shares could rise 14% from Friday's close. PNC stock is just 1% higher on the year, but Najarian thinks growth opportunities could propel shares higher, alongside the firm's strong capital levels. "As we await the long anticipated return to broader loan growth in 2H24, we think PNC appears better positioned than most to benefit from an improvement in demand," she wrote.
"After capital requirements were unchanged coming out of this year's DFAST cycle, PNC has sufficient excess capital above minimum requirements, strong organic capital generation, and significant run off of securities related AOCI marks over the next 18 months." The analyst added that PNC's market gains in expansion markets should give it a leg above its peers to grow loans both this year and.
